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A guide to mastering microeconomic theory
Microeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to take the reader from acquaintance with these foundational topics to something closer to mastery of the models and results connected to them.
Autorentext
David M. Kreps is the Adams Distinguished Professor of Management at Stanford University's Graduate School of Business. His books include A Course in Microeconomic Theory (Princeton), Game Theory and Economic Modelling, Notes on the Theory of Choice, and Microeconomics for Managers.
Zusammenfassung
A guide to mastering microeconomic theoryMicroeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to take the reader from acquaintance with these foundational topics to something closer to mastery of the models and results connected to them.Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these toolsComplements standard textsCovers choice, preference, and utility; structural properties of preferences and utility functions; basics of consumer demand; revealed preference and Afriat's Theorem; choice under uncertainty; dynamic choice; social choice and efficiency; competitive and profit-maximizing firms; expenditure minimization; demand theory (duality methods); producer and consumer surplus; aggregation; general equilibrium; efficiency and the core; GET, time, and uncertainty; and other topicsFeatures a free web-based student's guide, which gives solutions to approximately half the problems, and a limited-access instructor's manual, which provides solutions to the rest of the problemsContains appendixes that review most of the specific mathematics employed in the book, including a from-first-principles treatment of dynamic programming
Inhalt
Preface xiii
Chapter One. Choice, Preference, and Utility 1
Problems 23
Chapter Two. Structural Properties of Preferences and Utility Functions 30
Problems 45
Chapter Three. Basics of Consumer Demand 50
Problems 64
Chapter Four. Revealed Preference and Afriat's Theorem 67
Problems 78
Chapter Five. Choice under Uncertainty 79
Problems 116
Chapter Six. Utility for Money 123
Problems 140
Chapter Seven. Dynamic Choice 148
Problems 161
Chapter Eight. Social Choice and Efficiency 166
Problems 194
Chapter Nine. Competitive and Profit-Maximizing Firms 197
Problems 229
Chapter Ten. The Expenditure-Minimization Problem 233
Problems 255
Chapter Eleven. Classic Demand Theory 258
Problems 287
Chapter Twelve. Producer and Consumer Surplus 289